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Goals are generated from an organization's mission/vision and describe the desired state that the organization wishes to achieve in the future. Strategic, tactical, and operational goals are all possible. Setting goals is a simple way to keep employees engaged in their jobs. Employee morale may suffer as a result of having no clear goal to work toward, and overall productivity may suffer as a result.
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- 1) what is the Importance of problem formulationProblem definition & project objectives2. what are the steps in data science (analytics) problem solving approachExplain basic steps & important aspects_______ 7. Which of the following describes the PEST Analysis? A. A broad framework to help managers understand the environment inwhich their business operatesB. A checklist to ask how political, economic, strategic or technologicaldevelopments can influence an industry and a companyC. A checklist for forecasting political, economic, strategic or technologicalfactorsD. A framework for strategic analysis of internal and external environmentDiffentiate between planning and organizing short ans
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- 1.Purposiveness related to scientific investigation refers amongst others to a. It is based on solving problem, follows a step-by-step logical, organized method b. The fact that an investigation has a clear theoretical base. c. The probability that our estimations are correct d.The situation in which research is focused on solving a well?identified and defined problem 2. Help make certain decisions depending on customer profile, can be classified as a. descriptive study b. causal study c. exploration study d. explanation study 3. When the topic under investigation is very complex, can be classified as a. descriptive study b. causal study c. exploration study d. explanation study1.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…a. Based picture, create table showing the PS = RQ = RO. b. Create each problem statement that focusing on product quality, product price and product promotion. c. Give an issue on each problem statement.
- What factors make forecasting at Deckers particularly challenging? Howcan forecasts be made for seasonal, fashionable products for whichthere is no history file? What are the costs of over-forecasting demandfor such items? Under-forecasting?15) Which is not considered to be an OPSCM execution process byany of the most popular models?Select one:A. returnsB. manufacturing/production/makeC. logisticsD. procurement/acquisition/purchasingE. research & development16) Purchasing’s role is to get the lowest possible price oneverything needed by OPSCM.Select one:A. TrueB. False17) Which OPSCM macro designs / operations models /manufacturing environments use a forecast to plan for fulfillmentof demand?Select one:A. MTO & ETOB. MTO & MTSC. CTO & MTSD. ETO & MTSE. All of them use forecasts.20. As defined, decision making involvesA) EliminatinguncertaintyB) LeadershipC) InformationtechnologyD) ChoosingE) Overcoming fears
